Well, the $700 billion (pre-pork) bailout bill passed 263 to 171, and our “conservative” president GWB has already signed it into law. Here’s the House vote and the Senate vote so you know who to hate.
Here in Utah, Senators Bennett and Hatch broke their oaths to defend the constitution, with Bennett being one of the major proponents of the bill.
Congressman Cannon also voted for the bill, so I couldn’t be more pleased that he’s on his way out. Hatch and Bennett are next, in my opinion; I hope you’ll join me in making sure of it.
Both major party presidential candidates were tripping over themselves to show who supported the bailout more. Can anyone seriously call that options? I’ll be crossing the ticket to vote for Chuck Baldwin, the Constitution party candidate. You should check him out on this issue.
In other news, the Federal Reserve created $630 billion of new money earlier this week (effectively devaluing ever dollar that you have or will ever get), and nobody really noticed. Inflation is true monster. It’s an easy way for politicians to get money for pet projects without the political risk of taking it directly from the people. Sure, you get to keep your money, but eventually it become next to worthless.
These quotes seem fitting for the week:
Thomas Jefferson -
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. (via Quoty)
Henry Ford -
It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. (via Quoty)